Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 42.5% | 46.2% | 45.4% | 41.9% | 40.3% | 40.3% | 38.6% |
| EBITDA margin % | 3.3% | 9.2% | 5.1% | 4.1% | 2.6% | 1.7% | -2.7% |
| EBIT margin % | 1.4% | 7.1% | 3% | 2% | 0.5% | -0.5% | -5.6% |
| PAT margin % | 1.1% | 4.6% | 3.2% | 2.6% | 1.1% | -0.2% | -7.2% |
| Working capital | |||||||
| Receivable days | — | 17 | 14 | 23 | 22 | 33 | 28 |
| Inventory days | — | 142 | 163 | 194 | 151 | 154 | 139 |
| Payable days | — | 92 | 83 | 63 | 68 | 59 | 71 |
| NWC days | — | 68 | 94 | 154 | 105 | 128 | 97 |
| Leverage | |||||||
| Current ratio | — | 1.24 | 1.39 | 1.43 | 1.33 | 1.38 | 1.18 |
| Debt to EBITDA | — | 0 | 0 | 0.94 | 1.1 | 5.49 | — |
| Debt to equity | — | 0 | 0 | 0.11 | 0.08 | 0.27 | 0.26 |
| Interest coverage | 4 | 24.5 | 22.1 | 2.4 | 2.1 | 0.2 | -2.2 |
| Asset turnover | — | 1.31 | 1.29 | 1.46 | 1.31 | 1.31 | 1.17 |
| Return ratios | |||||||
| Return on assets % | — | 6.1% | 4.2% | 3.7% | 1.5% | -0.3% | -8.4% |
| Return on capital employed % | — | 17.7% | 12% | 11.7% | 3.9% | 0.7% | -9% |
| Return on equity % | — | 11.1% | 8.1% | 7.3% | 3% | -0.6% | -20.6% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.